Animoca Brands has raised funding at a more than ...

Animoca Brands , an eight-year-old, 600-person Hong Kong-based outfit that has managed to put its stamp on many of the world’s most popular NFT and metaverse brands, has raised roughly $360 million in fresh funding at a valuation of more than $5 billion, the company announced today. It’s a big leap from the $2.2 billion valuation the company was assigned in October when it raised a $65 million round. The number is even more notable considering that Animoca was valued at $1 billion in an $138 million round that closed as recently as July. According to a spokesperson for the firm, the capital raise involved the issue of 111,173,515 new shares of Animoca Brands, which investors bought from A... Full story

18 January